The Enforcement Directorate (ED) has seized foreign and Indian currency along with records linked to illegal forex dealings during searches at the premises of Loja Shamu, a leading toy seller dealing in teddy bears, plastic guns, and other play items.

The agency stated that the raids led to the recovery of foreign currency equivalent to Rs 3 lakh, Indian currency worth Rs 13 lakh, as well as incriminating chits and documents detailing unaccounted forex transactions.

ED’s Panaji Zonal office conducted raids at 22, Mapusa Municipal Market, Mapusa in Goa on September 26 under the provisions of the Foreign Exchange Management Act (FEMA), 1999.

ED said the action was initiated on the basis of specific input received from the Airport Customs, Goa, regarding the seizure of Foreign Exchange wor

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